New Issue: GS Finance sells $1.78 million trigger notes linked to S&P 500

By Wendy Van Sickle

Columbus, Ohio, Sept. 10 – GS Finance Corp. priced $1.78 million of 0% trigger notes due Sept. 23, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is at least 85% of its initial level, the payout at maturity will be par plus 8.1%.

Otherwise, investors will be fully exposed to the loss.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the underwriter with JPMorgan as placement agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Trigger notes
Underlying index:	S&P 500
Amount:	$1,783,000
Maturity:	Sept. 23, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is at least 85% of initial level, par plus 8.1%; otherwise, full exposure to loss
Initial level:	2,978.71
Final level:	Average of closing levels on five trading days ending Sept. 18, 2020
Pricing date:	Sept. 6
Settlement date:	Sept. 13
Underwriter:	Goldman Sachs & Co. LLC with JPMorgan as placement agent
Fees:	1.1%
Cusip:	40056XCM6

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